Principal Global Investors Appoints George Jamgochian as Head of U.S. Institutional Sales
April 28, 2008 (Des Moines, Iowa) — George Jamgochian has joined Principal Global Investors as head of U.S. institutional sales, effective April 28.
Most recently, Jamgochian was head of sales, marketing and relationship management at Financial Risk Management. He has over 35 years of experience in the investment management industry, including senior roles with Credit Suisse Asset Management and UBS.
Hazel McNeilage, global head of institutional advisory services for Principal Global Investors said, "We have a strong institutional sales team, which sold over $6 billion in new business last year. The breadth, depth and quality of our capabilities will enable us to continue to enjoy a very robust opportunity set in 2008. George’s extensive experience in the U.S. institutional market will be very valuable in helping our team capitalize on these opportunities."
Jamgochian said, "I am excited to have joined Principal Global Investors. The firm has a very impressive range of both core and niche capabilities across equities, fixed income and real estate that are highly relevant for large institutional investors."
About Principal Global Investors
Principal Global Investors is a diversified asset management organization and a member of the Principal Financial Group®, with expertise in equities, fixed income and real estate investments, as well as specialized overlay and advisory services. Principal Global Investors manages $248.3 billion in assets1 primarily for retirement plans and other institutional clients.
About the Principal Financial Group
The Principal Financial Group® (The Principal®)2 is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune® 500, the Principal Financial Group has $311.1 billion in assets under management3 and serves some 18.6 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.
1) As of Dec. 31, 2007, Principal Global Investors is the asset management arm of the Principal Financial Group ® (The Principal ®) and includes the asset management operations of the following subsidiaries of The Principal: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors; Edge Asset Management, Inc.; Morley Financial Services Inc.;Principal Global Investors (Europe) Limited; Principal Global Investors (Singapore) Ltd.; Principal Global Investors (Australia) Ltd.; Principal Global Investors (Japan) Ltd.; and the majority owned affiliates of Principal International, Inc.
2) "The Principal Financial Group" and "The Principal" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group
3) As of December 31, 2007
